MILAN — A bunch of Salvatore Ferragamo staff protested on Wednesday in a one-hour sit-in in entrance of the corporate’s Osmannoro plant, outdoors Florence.
The strike was introduced final week by the Rsu and Filctem Cgil commerce unions to precise “strong opposition” to the style home’s ongoing unique negotiations with Interparfums Inc. for the worldwide licensing of Ferragamo branded perfumes.
As reported, the Florentine firm’s perfume division has been managed in-house for 20 years. Therefore, in an announcement commerce unions underscored that the doable deal implicates that “the rights and jobs of 40 workers are at risk.”
The unions said that, “in the moment of the COVID-19’s greatest impact, workers have tightened their belts; with sacrifice they have contributed in overcoming the most difficult period by accepting the ‘Cassa integrazione’ [wage support measure] and the rescheduling of the vacation plan, but today [now] that the markets are reopening they expect their sacrifice to be rewarded.”
Hence, the commerce unions are asking the corporate to interrupt the negotiations for the licensing deal. “Instead of the sale of strategic assets such as the one of perfumes, we expect the management to present an industrial plan that invests in innovation and employment,” learn the doc.
In response, the Salvatore Ferragamo firm underscored that the doable licensing settlement “is aimed at ensuring a further boost to the perfume business and the continuity of the Made in Italy production. Negotiations with Interparfums are still ongoing; as already communicated to the trade unions, and as has already happened in the past, the company is ready to [take action] to offer the best possible solutions for workers.”
The potential licensing settlement with Interparfums wouldn’t be the primary within the historical past of the Ferragamo perfume enterprise.
In 1994, the model signed an settlement for the event and manufacturing of its first perfume with Eurocos Cosmetics, a Germany-based division of Procter & Gamble.
After discontinuing the cope with nothing having been produced, in March 1997 Ferragamo and Bulgari fashioned a three way partnership — every taking a 50 % stake — known as Ferragamo Parfums SA. At the time, Bulgari was given administration accountability beneath a service contract.
After a four-year-long partnership, the 2 events amicably dissolved the three way partnership contract, with Ferragamo, buying from Bulgari its 50 % stake for an undisclosed sum. The Ferragamo Parfums division was established in 2001 to regulate all the perfume enterprise in-house, from the event of the scent to the distribution.
Interparfums’ perfume licenses embrace Boucheron, Coach, Jimmy Choo, Karl Lagerfeld, Kate Spade, Moncler, Montblanc, Paul Smith, Repetto, S.T. Dupont and Van Cleef & Arpels. The group additionally owns Lanvin fragrances and the Rochas model.
In the primary quarter of 2021, gross sales of Salvatore Ferragamo fragrances have been up 5.3 % to 10.5 million euros. Overall, within the three months ended March 31, the corporate’s revenues rose 10.3 % to 244.6 million euros in contrast with 222 million euros in the identical interval final yr.